Report of the Joint Committee of Experts : [final version]

Abstract

In the ensuing discussion of the statutory issues presented by the African Union Commission, experts raised concerns about the slow ratification of the legal instruments establishing the pan-African financial institutions, namely, an African central bank, an African investment bank and an African monetary fund. Experts agreed that countries that were ready to move forward in the establishment of the African financial institutions should be allowed to do so. Experts drew attention to the contribution of the agricultural sector in boosting Africa’s economic and structural transformation. The priorities for reaching green growth included building resilience to climate shocks, providing sustainable infrastructure, creating ecosystem services and making efficient and sustainable use of natural resources (particularly water). They also discussed the communication strategy of the Congress with a view to ensuring greater involvement of young African economists through their respective research institutions.